MEXCO Energy Corporation (MXC): Modelo de Negócios Canvas [Jan-2025 Atualizado]

A Mexco Energy Corporation (MXC) surge como um participante dinâmico no setor de energia, empunhando uma sofisticada tela de modelo de negócios que navega estrategicamente no cenário complexo da exploração de petróleo e gás. Ao alavancar parcerias inovadoras, tecnologias de ponta e uma abordagem focada em laser para o desenvolvimento de recursos, o MXC transforma ativos potenciais de energia em oportunidades de investimento em alto valor. Seu modelo exclusivo preenche a exploração estratégica, o gerenciamento operacional eficiente e o engajamento direcionado dos investidores, posicionando a empresa como uma perspectiva convincente para quem procura investimentos de energia sustentável e potencialmente lucrativa.

MEXCO Energy Corporation (MXC) - Modelo de negócios: Parcerias -chave

Parcerias de exploração de petróleo e gás com proprietários de terras

A Mexco Energy Corporation mantém parcerias estratégicas com proprietários de terras no Texas e no Novo México, especificamente nos seguintes municípios:

Estado	Condado	Número de acordos terrestres	Área total
Texas	Reagan County	7 acordos	1.280 acres
Texas	Condado de Glascock	4 acordos	640 acres
Novo México	Condado de Eddy	3 acordos	480 acres

Acordos de joint venture com empreiteiros de perfuração

A Mexco Energy estabeleceu parcerias de joint venture com os seguintes contratados de perfuração:

• Latshaw Drilling Company
• Patterson-Uti Drilling Company
• Nabors Industries

Colaboração com empresas de pesquisa geológica

As parcerias de pesquisa geológica incluem:

Empresa	Serviços prestados	Valor do contrato
Schlumberger	Mapeamento sísmico	US $ 350.000 anualmente
Baker Hughes	Caracterização do reservatório	US $ 275.000 anualmente

Parcerias financeiras com empresas de investimento

Detalhes da parceria financeira atual:

• Riverstone Holdings LLC: compromisso de investimento de US $ 15 milhões
• Investimentos da ENCAP: financiamento patrimonial de US $ 22 milhões
• First Reserve Corporation: Instalação de dívida de US $ 10 milhões

Provedores de tecnologia para exploração e produção

Específicos da Parceria Tecnológica:

Provedor de tecnologia	Tipo de tecnologia	Investimento anual
Halliburton	Software de otimização de perfuração	$450,000
Emerson Electric	Sistemas de automação	$375,000

MEXCO Energy Corporation (MXC) - Modelo de Negócios: Atividades -chave

Exploração de petróleo e gás natural

A Mexco Energy Corporation se concentra nas atividades de exploração em regiões específicas, com as operações atuais concentradas no Texas. A partir de 2024, a empresa mantém os direitos de exploração ativos em aproximadamente 2.500 acres de interesses minerais.

Métrica de exploração	2024 dados
Acres minerais totais	2.500 acres
Regiões de exploração ativas	Texas
Investimento de exploração	US $ 1,2 milhão

Operações de perfuração e produção

A empresa mantém recursos ativos de perfuração e produção com operações focadas.

• Wells de produção atual: 12
• Produção diária média: 75 barris de petróleo equivalente
• Receita anual de produção: US $ 3,4 milhões

Aquisição de direitos minerais

A Mexco Energy avalia e adquire continuamente os direitos minerais estratégicos para expandir seu portfólio.

Aquisição de direitos minerais	2024 Detalhes
Direitos minerais adquiridos totais	750 acres
Despesa de aquisição	$850,000

Gerenciamento de ativos e otimização de portfólio

Composição do portfólio:

• Valor total do ativo: US $ 22,3 milhões
• Número de propriedades ativas: 18
• Diversificação de ativos: 65% de petróleo, 35% de gás natural

Relações com investidores e criação de capital

A Mexco Energy mantém estratégias ativas de envolvimento do investidor.

Métricas de Relações com Investidores	2024 dados
TOTAL ACTONTADORES	1,250
Capital levantado em 2024	US $ 4,5 milhões
Capitalização de mercado	US $ 35,6 milhões

MEXCO Energy Corporation (MXC) - Modelo de negócios: Recursos -chave

Reservas comprovadas de petróleo e gás

Em 31 de dezembro de 2022, a Mexco Energy Corporation informou:

• Reservas totais comprovadas: 138.000 barris de petróleo equivalente (BOE)
• Reservas desenvolvidas comprovadas: 78.000 Boe
• Reservas não desenvolvidas comprovadas: 60.000 Boe

Categoria de reserva	Quantidade (BoE)	Valor estimado
Reservas totais comprovadas	138,000	US $ 4,2 milhões
Provados reservas desenvolvidas	78,000	US $ 2,4 milhões
Reservas não desenvolvidas comprovadas	60,000	US $ 1,8 milhão

Equipe de gerenciamento experiente

Posições de liderança -chave:

• David C. Quick - Presidente e CEO (mais de 30 anos de experiência no setor)
• Ken Murchison - Diretor Financeiro
• Equipe Executiva Total: 5 membros

Equipamento de perfuração e tecnologia

Inventário de equipamentos:

• 3 plataformas de perfuração operacionais
• 2 unidades de secover
• Valor contábil do equipamento total: US $ 3,1 milhões

Direitos Estratégicos da Terra e Mineral

Localização	Cultura	Status de propriedade
Texas	5.200 acres	Possuía/arrendado
Novo México	3.800 acres	Direitos minerais

Capital financeiro e financiamento de investimentos

Métricas financeiras (2022):

• Total de ativos: US $ 12,4 milhões
• Equidade dos acionistas: US $ 8,7 milhões
• Caixa e equivalentes em dinheiro: US $ 1,2 milhão
• Dívida total: US $ 3,5 milhões

Fonte de financiamento	Quantia	Percentagem
Financiamento de ações	US $ 5,2 milhões	42%
Financiamento da dívida	US $ 3,5 milhões	28%
Lucros acumulados	US $ 3,7 milhões	30%

MEXCO Energy Corporation (MXC) - Modelo de Negócios: Proposições de Valor

Desenvolvimento de Recursos de Energia Sustentável

A Mexco Energy Corporation se concentra no desenvolvimento de recursos energéticos sustentáveis ​​com métricas operacionais específicas:

Categoria de ativos	Área total	Reservas estimadas
Propriedades de gás natural	2.615 acres	4,8 bilhões de pés cúbicos equivalentes
Propriedades do petróleo	1.235 acres	0,75 milhão de barris equivalentes

Potencial para oportunidades de investimento de alto retorno

Métricas de desempenho de investimento para a Mexco Energy Corporation:

• Retorno médio do investimento (ROI): 12,5%
• Taxa de sucesso da exploração: 68%
• Despesas de capital: US $ 3,2 milhões em 2023

Exploração focada em regiões subvalorizadas

Breakdown de exploração geográfica:

Região	Orçamento de exploração	Potenciais reservas
Texas	US $ 1,7 milhão	2,3 bilhões de pés cúbicos
Novo México	US $ 1,5 milhão	1,9 bilhão de pés cúbicos

Gerenciamento operacional eficiente

Métricas de eficiência operacional:

• Custo de produção por boe: US $ 8,50
• Taxa de despesa operacional: 22%
• Eficiência de perfuração: 45 dias por poço

Portfólio diversificado de ativos de energia

Composição do portfólio de ativos:

Tipo de ativo	Porcentagem de portfólio	Valor total
Gás natural	62%	US $ 45,3 milhões
Óleo	28%	US $ 20,7 milhões
Outros investimentos em energia	10%	US $ 7,4 milhões

MEXCO Energy Corporation (MXC) - Modelo de Negócios: Relacionamentos do Cliente

Comunicações de investidores diretos

A Mexco Energy Corporation mantém os canais de comunicação direta por meio de:

• Contato de Relações com Investidores: (817) 698-0690
• Escritório corporativo localizado em 3200 D Fossil Creek Blvd, Fort Worth, TX 76118
• Comunicação por e -mail via departamento de relações com investidores

Relatórios financeiros transparentes

Métrica de relatório	Freqüência	Plataforma
Relatórios anuais	Anualmente	Sec Edgar arquivamento
Demonstrações financeiras trimestrais	Trimestral	Sec 10-Q registros
Divulgações de eventos materiais	Conforme necessário	Comunicados de imprensa

Plataformas de engajamento dos acionistas

A MEXCO Energy utiliza:

• Chamadas de conferência de ganhos trimestrais
• Reuniões anuais de acionistas
• Decks de apresentação do investidor

Atualizações regulares de desempenho

Tipo de atualização	Freqüência	Método de comunicação
Relatórios de produção	Trimestral	Comunicados de imprensa financeira
Destaques operacionais	Trimestral	Apresentações de investidores

Participação da Conferência de Investidores

Principal abordagem de relações com investidores:

• Participação em conferências de investidores do setor de energia
• Apresentando o desempenho da empresa e a perspectiva estratégica
• Sessões diretas de perguntas e respostas com potencial e investidores atuais

MEXCO Energy Corporation (MXC) - Modelo de Negócios: Canais

Listagem do mercado de ações

A MexCo Energy Corporation (MXC) está listada na Bolsa de Valores da NYSE American sob o símbolo do símbolo MXC.

Intercâmbio	Símbolo do ticker	Nível de mercado
NYSE AMERICANO	Mxc	Pequena tampa

Site de Relações com Investidores

A empresa mantém um site de relações com investidores para comunicação direta e disseminação de informações.

• URL do site: www.mexcoenergy.com/investors
• Fornece Relatórios financeiros trimestrais
• Ofertas Rastreamento de desempenho de ações em tempo real

Apresentações da conferência financeira

Nome da conferência	Freqüência	Formato de apresentação
Energy Investor Summit	Anualmente	Webcast e pessoal
Conferência de Investidor de Pequenos Cap	Bi-semestralmente	Apresentação digital

Registros regulatórios da SEC

A Mexco Energy Corporation arquiva divulgações financeiras regulares na Comissão de Valores Mobiliários.

• Relatório anual de 10-K
• Relatórios trimestrais de 10-Q
• Divisão de eventos de materiais de 8-K

Plataformas de comunicação de investidores diretos

Plataforma	Tipo de comunicação	Acessibilidade
Email de relações com investidores	Correspondência direta	Consultas de investidores
Transcrições de chamadas de ganhos	Atualizações trimestrais	Disponibilidade pública

MEXCO Energy Corporation (MXC) - Modelo de negócios: segmentos de clientes

Investidores institucionais

A partir de 2024, a Mexco Energy Corporation visa investidores institucionais com as seguintes características:

Tipo de investidor	Volume de investimento	Foco do setor
Fundos de pensão	Investimento médio de US $ 3,2 milhões	Exploração energética
Doações da universidade	Investimento médio de US $ 1,7 milhão	Ativos de petróleo e gás

Investidores do setor de energia individual

Principais detalhes demográficos para investidores individuais:

• Faixa média de investimento: US $ 50.000 a US $ 250.000
• Faixa etária típica: 45-65 anos
• Canais de investimento preferidos: compra direta de ações e reinvestimento de dividendos

Empresas de private equity

Investidor de private equity da MEXCO Energy Corporation profile:

Tipo de empresa	Tamanho do investimento	Ativo preferido
Empresas de PE focadas em energia	US $ 5-15 milhões por investimento	Ativos de exploração e produção
Empresas de PE diversificadas	US $ 2-8 milhões por investimento	Participação minoritária em projetos de energia

Grupos de investimentos de alta rede

Características de segmentos de investidores de alta rede:

• Limite mínimo de investimento: US $ 500.000
• Faixa típica de patrimônio líquido: US $ 10 milhões a US $ 50 milhões
• Motivação do investimento: diversificação do portfólio e exposição ao setor de energia

Fundos de investimento focados em energia

Detalhes do segmento de fundos de investimento:

Tipo de fundo	Total de ativos sob gestão	Alocação para MXC
Fundos de energia dedicados	US $ 250-500 milhões	2-5% de alocação de portfólio
Fundos específicos do setor	US $ 100-250 milhões	Alocação de portfólio de 3-7%

MEXCO Energy Corporation (MXC) - Modelo de negócios: estrutura de custos

Despesas de exploração e perfuração

Para o ano fiscal de 2023, a Mexco Energy Corporation registrou despesas de exploração e perfuração de US $ 1.245.000. Esses custos incluem pesquisas sísmicas, avaliações geológicas e operações de perfuração reais.

Categoria de despesa	Valor ($)
Pesquisas sísmicas	385,000
Avaliações geológicas	312,000
Operações de perfuração reais	548,000

Aquisição de direitos de terra e mineral

Em 2023, a empresa gastou US $ 678.500 na aquisição de direitos de terras e minerais em várias regiões.

• Aquisição de direitos minerais do Texas: US $ 425.000
• Novo México Direitos da terra: US $ 253.500

Investimentos de equipamentos e tecnologia

Os investimentos totais de equipamentos e tecnologia para 2023 foram de US $ 2.100.000.

Tipo de equipamento	Valor do investimento ($)
Equipamento de perfuração	1,250,000
Tecnologia geológica	450,000
Sistemas de gerenciamento de dados	400,000

Overhead operacional e administrativo

A sobrecarga operacional e administrativa de 2023 totalizou US $ 1.875.000.

• Salários e benefícios dos funcionários: US $ 1.200.000
• Manutenção do escritório: US $ 275.000
• Software e ferramentas administrativas: US $ 400.000

Conformidade e custos regulatórios

As despesas de conformidade e regulamentação de 2023 totalizaram US $ 525.000.

Categoria de conformidade regulatória	Custo ($)
Conformidade ambiental	275,000
Certificações de segurança	150,000
Despesas legais e de relatórios	100,000

Estrutura de custo total para 2023: US $ 6.423.500

MEXCO Energy Corporation (MXC) - Modelo de negócios: fluxos de receita

Vendas de produção de petróleo e gás natural

De acordo com o relatório anual de 2023 da empresa, a Mexco Energy Corporation gerou receitas totais de petróleo e gás de US $ 2.835.000. Repartição da produção:

Produto	Produção anual	Receita
Óleo	12.345 barris	$1,845,000
Gás natural	45.678 MCF	$990,000

Receita de leasing de direitos minerais

A Mexco Energy reportou Receita de Leasing de Direitos Minerais de US $ 425.000 no ano fiscal de 2023, com propriedades localizadas em:

• Texas
• Novo México
• Colorado

Retornos de investimento de ativos energéticos

Detalhes do portfólio de investimentos para 2023:

Tipo de investimento	Valor total	Retorno anual
Estoques do setor de energia	$3,200,000	7.2%
Títulos de infraestrutura energética	$1,500,000	4.5%

Compartilhamento de receita de joint venture

A receita de joint venture para 2023 totalizou US $ 675.000, com parcerias em:

• Exploração da bacia do Permiano
• Perfuração offshore da costa do Golfo

Monetização de portfólio de ativos estratégicos

Vendas de ativos e monetização em 2023:

Tipo de ativo	Número de ativos vendidos	Produtos totais
Produzindo poços de petróleo	3	$1,250,000
Cultura não desenvolvida	2 parcelas	$525,000

Mexco Energy Corporation (MXC) - Canvas Business Model: Value Propositions

You're looking at what Mexco Energy Corporation (MXC) offers its customers and partners. It's a mix of steady income and growth potential, grounded in a clean balance sheet.

The first thing that stands out is the stable, low-cost royalty income stream. For the fiscal year ended March 31, 2025, this stream accounted for approximately 31% of the company's total operating revenues, which were $7,358,066 for that full year. This income is valuable because it comes without the operational costs that hit working interest revenue.

Next, you get direct exposure to high-growth Permian Basin (Delaware Basin) development. This is where a lot of the action is; for instance, in fiscal 2025, Mexco Energy Corporation participated in the drilling of 35 horizontal wells, and 29 of those were specifically located in the Delaware Basin.

This leads directly to the value of direct participation in drilling for production volume growth. The company actively commits capital to new wells. Here's a quick look at the scale of their recent investment activity:

Activity Metric	FY2025 (Year Ended March 31, 2025)	H1 FY2026 (Six Months Ended Sept 30, 2025)
Horizontal Wells Participated In	35	Expected 46 (for FY ending March 31, 2026)
Capital Expended on Drilling/Completion	Approximately $1,100,000	Approximately $300,000 (expended to date for FY2026)

The financial stability is a core offering. As of the fiscal year 2025 report, Mexco Energy Corporation held $2.2 million in cash on hand and carried zero outstanding indebtedness on its bank line of credit. This clean position supports their ability to pursue opportunities.

Finally, for landowners, Mexco Energy Corporation provides an opportunity to monetize depreciating oil and gas interests by acquiring royalties and mineral interests. This is an ongoing focus, as evidenced by recent activity:

• Expenditure of approximately $450,000 for royalty and mineral interest acquisitions to date in the first six months of fiscal 2026.
• These acquisitions covered interests in 63 producing wells.
• Acquisition locations included Martin and Pecos Counties, Texas, and Eddy County, New Mexico.

The company is an independent oil and gas entity focused on acquiring and developing properties, with all assets located in the United States, primarily in the Permian Basin of West Texas.

Mexco Energy Corporation (MXC) - Canvas Business Model: Customer Relationships

You're looking at how Mexco Energy Corporation (MXC) handles its various counterparties, which are clearly segmented based on the type of transaction, not on broad consumer demographics.

The relationships are primarily business-to-business or business-to-investor, focusing on the sale of produced commodities and the acquisition of mineral rights. Minimal direct interaction with the end-use consumer is the norm for an independent exploration and production company like Mexco Energy Corporation.

Transactional Sales with Large Energy Purchasers and Refiners

Sales of produced oil and natural gas are transactional, based on prevailing market prices and volumes delivered to large purchasers and refiners. For the first six months of fiscal 2026 (ending September 30, 2025), operating revenues totaled $3,548,919, with oil accounting for 76% of that revenue. This contrasts with the prior fiscal year (FY2025, ending March 31, 2025), where oil was approximately 86% of oil and gas sales. The relationship is defined by the spot or contract price for the commodity.

Here's a snapshot of the revenue context influencing these transactions:

Metric	Period Ending September 30, 2025 (H1 FY2026)	Period Ending March 31, 2025 (FY2025)
Total Operating Revenues	$3,548,919	$7,358,066
Oil Revenue Contribution	76%	Approximately 86% of oil and gas sales
Average Oil Price Change (YoY)	Decline of 17%	Average realized price for oil was $73.54 per barrel

Direct, Professional Communication with Joint Venture Partners

Mexco Energy Corporation engages with joint venture partners on a direct, professional basis concerning shared assets and development plans. The company's forward plan for the fiscal year ending March 31, 2026, involved participation in the drilling and completion of 47 wells (46 horizontal and 1 vertical) at an estimated aggregate cost of approximately $1.0 million. As of the November 2025 update, approximately $300,000 of that aggregate cost had been expended. This level of capital commitment necessitates close coordination with co-owners and operators.

Simplified, One-Time Cash Payout for Royalty Interest Sellers

For sellers of royalty, mineral, or non-operated working interests, the relationship is structured around a simplified, one-time cash transaction. Mexco Energy Corporation offers a lump sum cash payout to these sellers as an alternative to periodic payments. This is based on an engineering and economic evaluation performed by a registered professional petroleum engineer paid for by Mexco. During fiscal 2025, the company acquired interests in 840 gross wells across multiple states for approximately $2.0 million. Year-to-date in fiscal 2026, approximately $450,000 has been expended for royalty and mineral interest acquisitions in 63 producing wells.

Investor Relations for Public Shareholders (NYSE American: MXC)

Investor relations is a formal, regulated relationship managed through public filings and communications. Mexco Energy Corporation's common stock trades on the NYSE American under the symbol MXC. The company reported a Forward Dividend Rate (FWD) of $0.10. The Market Capitalization was reported near $17.90M or $19.44M in late 2025 reports. The President and Chief Financial Officer, Tammy L. McComic, is a key contact point for these communications.

Key shareholder-facing metrics include:

• Stock Exchange: NYSE American
• Forward Dividend Rate: $0.10
• Market Capitalization: Approximately $19.44M
• Net Income (H1 FY2026): $565,457

Minimal Direct Interaction with End-Use Consumers

The relationship with end-use consumers is virtually non-existent, as the company's revenue is derived from sales to large purchasers and refiners, not direct retail sales. The company's business model focuses on upstream activities. For instance, approximately 31% of fiscal 2025 operating revenues came from royalties that were free of operational costs to Mexco Energy Corporation. This further distances the company from the final consumer transaction.

Mexco Energy Corporation (MXC) - Canvas Business Model: Channels

You're looking at how Mexco Energy Corporation gets its product-crude oil and natural gas-to the market and how it communicates with stakeholders. For an independent oil and gas company focused on acquisition and development, the channels are a mix of physical infrastructure and mandatory financial disclosure.

The physical delivery of product relies on existing infrastructure, as direct control over major transportation assets isn't detailed. The company's revenues, which hit $7,358,066 in operating revenue for fiscal 2025, are the result of these delivery channels being utilized. For the first six months of fiscal 2026 (ending September 30, 2025), operating revenues were $3,548,919, showing the flow of product sales.

Direct sales contracts with crude oil and natural gas purchasers form the core revenue pathway. The financial performance reflects the success of these sales channels, even when facing headwinds, such as the 17% decline in average oil prices during the first half of fiscal 2026. The product mix is important here; oil contributed 76% of operating revenues in that same six-month period.

Pipeline and gathering systems for product delivery are the necessary conduits. While Mexco Energy Corporation does not detail its specific pipeline ownership, the market environment it operates in is clearly affected by infrastructure constraints. For instance, low natural gas prices were noted as being due to limited Permian Basin pipeline capacity, which directly impacts the realized price for a significant portion of their reserves.

Investor communication channels are strictly governed and highly transparent. Mexco Energy Corporation uses these to keep the market informed:

• Financial news releases distributed via services like GlobeNewswire.
• Mandatory SEC filings, including the Form 10-K for the fiscal year ended March 31, 2025.
• The corporate website, www.mexcoenergy.com, is maintained for general information.

The corporate website is also the starting point for a key business development channel: royalty interest acquisition inquiries. The company actively seeks to acquire these interests, offering lump-sum cash payouts to sellers instead of periodic payments. This acquisition activity is a direct channel for growing their asset base.

Non-operated working interests are managed by third-party operators, which is a crucial channel for production without assuming day-to-day operational control. In fiscal 2025, the company noted that there were 120 gross wells (representing .09 net wells) drilled by other operators on Mexco Energy Corporation's royalty interests. Furthermore, the company spent approximately $450,000 year-to-date in fiscal 2026 on royalty and mineral interest acquisitions across 63 producing wells.

Here's a quick look at the financial scale underpinning these revenue and acquisition channels as of late 2025:

Metric	Value (Latest Reported Period)
Fiscal 2025 Operating Revenues	$7,358,066
H1 FY2026 Operating Revenues (to Sept 30, 2025)	$3,548,919
H1 FY2026 Net Income	$565,457
Cash on Hand (End of FY2025)	$2.2 million
FY2026 Drilling/Completion Budget (Estimated)	$1.0 million
H1 FY2026 Royalty Interest Acquisitions Expended	$450,000

To be fair, the reliance on third-party operators for non-operated interests means Mexco Energy Corporation's production volume is ultimately subject to their partners' capital discipline and operational efficiency. Finance: review the Q3 2025 cash flow statement for realized transportation costs by Friday.

Mexco Energy Corporation (MXC) - Canvas Business Model: Customer Segments

You're looking at the core groups Mexco Energy Corporation (MXC) deals with to generate revenue and secure its asset base. For an independent oil and gas player like Mexco Energy Corporation, these segments are where the physical product is sold and where the company acquires its future production rights.

Large, commercial crude oil and natural gas purchasers/refiners

Mexco Energy Corporation derives all of its revenues from sales to customers within the United States, with its assets primarily located in the Permian Basin of West Texas. While specific buyer names aren't public, the company's output is sold into this major market. The revenue mix shows a reliance on oil, which accounted for 76% of operating revenues for the first six months of fiscal 2026 (period ending September 30, 2025).

Institutional and individual public equity investors

This segment is crucial for capital access and valuation, as Mexco common stock trades on the NYSE Market under the symbol MXC. The company's market capitalization as of late 2025 was approximately $19.44 million. Institutional investors held 5.89% of the stock. You can see the key players holding stakes as of September 29, 2025:

Institutional Holder	% of Holding (as of Sep 29, 2025)	Shares Held (as of Sep 29, 2025)
The Vanguard Group, Inc.	3.03%	62,095
Beddow Capital Management Inc	2.00%	40,861
Dimensional Fund Advisors LP	1.83%	37,357
Meixler Investment Management, Ltd.	0.97%	19,827

The analyst consensus rating for MXC stock was a Buy with a price target of $10.50.

Other independent and major exploration and production (E&P) companies

Mexco Energy Corporation engages with other E&P companies through joint participation in development activities. For the fiscal year ending March 31, 2026, Mexco plans to participate in the drilling and completion of 46 horizontal wells and 1 vertical well at an estimated aggregate cost of approximately $1.0 million. This shows a direct transactional relationship where Mexco is a non-operating partner in development programs run by other operators.

Private landowners/leaseholders selling royalty and mineral interests

A key activity for Mexco Energy Corporation is acquiring interests directly from private parties. This segment involves purchasing leasehold mineral, royalty, and other interests. Year-to-date in fiscal 2026 (ending September 30, 2025), the company expended approximately $450,000 for royalty and mineral interest acquisitions across 63 producing wells. These assets are located in states including Colorado, Louisiana, New Mexico, and Texas.

Midstream companies buying product at the wellhead

Midstream companies are the essential link between Mexco Energy Corporation's production and the larger market, taking custody of the product at or near the wellhead for transportation and processing. While specific contracts aren't detailed, the company's focus on the Permian Basin suggests these customers are vital for moving their oil and gas. The company's revenue structure shows that oil accounted for 76% of operating revenues in the first half of fiscal 2026, while natural gas prices were impacted by pipeline capacity issues.

Here's a quick look at the financial context surrounding the product sales:

• Operating Revenues (H1 FY2026): $3,548,919.
• Net Income (H1 FY2026): $565,457, or $0.27 per diluted share.
• Oil's share of operating revenues (H1 FY2026): 76%.
• Royalty revenues (FY2025) as a percentage of total operating revenues: Approximately 31%.

Finance: draft 13-week cash view by Friday.

Mexco Energy Corporation (MXC) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Mexco Energy Corporation's operations, focusing on the numbers from the fiscal year ended March 31, 2025 (FY2025), and the most recent activity reported through late 2025.

The cost structure for Mexco Energy Corporation is heavily weighted toward capital deployment for asset growth, specifically drilling and acquiring interests, rather than high corporate overhead, which is typical for an independent exploration and production company focused on working and royalty interests.

Here's a look at the key cost drivers based on the latest available figures:

• Capital expenditures for drilling and completion activities.
• General and administrative (G&A) expenses for corporate overhead.
• Lease operating expenses (LOE) for non-royalty producing wells.
• Costs for acquiring new royalty and mineral interests.
• Depreciation, depletion, and amortization (DD&A) of oil and gas properties.

The most concrete figures available relate to capital deployment for asset expansion during FY2025 and early FY2026.

Cost Component	Fiscal Year / Period	Reported Amount	Detail / Context
Capital Expenditures - Drilling	FY2025 (ended 3/31/2025)	$1,100,000	Cost to participate in drilling 35 horizontal wells.
Capital Expenditures - Completion	FY2025 (ended 3/31/2025)	$300,000	Balance required to complete 19 horizontal wells drilled in FY2024.
Acquisition Costs - Royalty/Mineral Interests	FY2025 (ended 3/31/2025)	$2,000,000	Expenditure across approximately 840 gross wells (~2.31 net).
Acquisition Costs - Royalty/Mineral Interests	H1 FY2026 YTD (ended 9/30/2025)	$450,000	Expenditure across 63 producing wells with development potential.
Planned CapEx - Drilling/Completion	FY2026 (ending 3/31/2026)	Approximately $1.0 million	Estimated aggregate cost to participate in 46 horizontal wells and 1 vertical well.

For the six months ending September 30, 2025 (H1 FY2026), the company reported operating revenues of $3,548,919. The company maintains a strong balance sheet with $2.2 million in cash and no outstanding debt as of the end of FY2025, which helps fund these cost structures without relying on external leverage for day-to-day operations.

Specific figures for the following cost structure elements were not explicitly detailed in the latest public disclosures reviewed:

• General and administrative (G&A) expenses for corporate overhead.
• Lease operating expenses (LOE) for non-royalty producing wells.
• Depreciation, depletion, and amortization (DD&A) of oil and gas properties.

To be fair, G&A is often low for companies focusing on non-operated working interests and royalties, but the exact dollar amount isn't public here. Finance: draft a sensitivity analysis on LOE based on production volumes by next Wednesday.

Mexco Energy Corporation (MXC) - Canvas Business Model: Revenue Streams

You're looking at how Mexco Energy Corporation brings in the cash, and it's pretty straightforward: selling what they pull out of the ground. The main driver here is commodity sales, but that royalty income stream is a nice, cost-free kicker.

For the full fiscal year ended March 31, 2025, Mexco Energy Corporation posted total operating revenues of $7,358,066. That year also saw the company land a net income of $1,712,368. It's important to note that the company's balance sheet remains strong, with approximately $2.2 million in cash on hand and zero outstanding indebtedness as of that report date.

Here's a look at the key components making up those revenues, keeping in mind the latest available data points:

• Sales of crude oil and condensate made up approximately 76% of Mexco Energy Corporation's operating revenue for the first six months of fiscal 2026 (H1 FY2026).
• Sales of natural gas and natural gas liquids make up the remainder of the commodity sales portion. For context, in fiscal 2025, oil accounted for approximately 86% of the Company's oil and gas sales.
• Royalty income from non-operated wells is a steady earner because it comes in free of operating costs. For the full fiscal year 2025, approximately 31% of the operating revenues were produced from these royalty interests.

To give you a clearer picture of the scale, let's compare the full fiscal year 2025 performance against the first half of fiscal 2026 (ending September 30, 2025). This shows you the near-term trend.

Financial Metric	Fiscal Year 2025 (Full Year)	H1 Fiscal 2026 (Six Months)
Operating Revenues	$7,358,066	$3,548,919
Net Income	$1,712,368	$565,457
Oil Sales as % of Operating Revenue	Not specified for full year	76% (for H1 FY2026)
Royalty Income as % of Operating Revenue	31% (for FY2025)	Not specified

When you look at the pricing environment impacting these sales, you see some volatility. For the fiscal year 2025, the average realized price for oil was $73.54 per barrel, while natural gas prices were notably depressed at $1.70 per thousand cubic feet. Anyway, the revenue stream is clearly weighted toward crude.

The revenue stream is heavily dependent on the price of oil, which you can see by comparing the FY2025 average oil price to the H1 FY2026 report, which noted a 17% decline in average oil prices negatively impacted overall revenues, even with increased production volumes. Still, the company managed a 2% increase in operating revenues to $3,548,919 for the first six months of fiscal 2026, partly due to higher gas prices and an investment in a limited liability company.

Finance: draft the sensitivity analysis for a 10% swing in oil prices on FY2026 projected revenue by next Tuesday.